Our biggest stories of the week are …
So last week I felt honoured to be invited by the European Central Bank (ECB) to present at their conference on the future of retail payments. Here is the full text of the speech I gave …
Everyone's talking about Facebook becoming a bank in the future, but I don't believe it will happen. Here's why … Just had a long discussion with a bunch of banks about potential disruptions to banking based upon mobile carriers upscaling…
In a recent speech at the Financial Services Club, JP Rangaswami talked about “How banks should think about technology and innovation”. JP Rangaswami is Chief Scientist at Salesforce.com, author of Confused of Calcutta, and one of the most innovative technologists…
So the week ends with another wide ranging conversation about new business models and new ways of banking, although I still have one question that no-one seems to be able to answer: how much profit does a bank make from payments …
Since the Royal Wedding, there's not been much good news but today is a positive day with the announcement that the UK Government is seriously considering giving everyone in Britain £1,000 when they sell off their stake in the banks …
The major general news stories of the week include …
IMF chief charged with 'sex attack' in New York hotel – The Independent
The leader of the International Monetary Fund and a possible candidate for president of France was arrested in New York on Sunday in connection with the violent sexual assault of a hotel maid after being yanked from a plane moments before it was to depart, police said.
Dominique Strauss-Kahn: timeline – The Telegraph
The fight for the leadership of the International Monetary Fund has intensified after a day that saw investors dump Greek bonds amid concerns of a damaging policy vacuum. Here, we look at the life of former chief Dominique Strauss-Kahn.
Dominique Strauss-Kahn: The contenders to replace him at the IMF: in pictures – The Telegraph
South Africa has led the calls for the next head of the International Monetary Fund to be drawn from outside Europe, breaking a tradition that dates back more than half a century. Here, we look at the leading contenders.
Bank shares fall on Prudential Regulation Authority's plan – The Telegraph
The Prudential Regulation Authority has vowed to be will be far more active than its predecessor in overseeing the running of the country's largest financial institutions. Here, we look at how the share prices of the UK's leading banks fell on the news.
London feels the force of regulation – Financial Times
There is a perception that much of the EU's post-crisis rule-making has a political element to it, but will forthcoming regulatory measures impact the UK capital more than other financial centres?
New regulations 'will kill off loans market' – The Independent
New US regulations designed to make financial markets safer and prevent a repeat of the credit crisis could in fact kill off a major part of the secondary market in loans and leave housing finance reliant on government support forever, representatives for Wall Street's major firms are warning.
Lloyds Banking Group in Libor investigation – The Telegraph
The actions of HBOS at the height of the financial crisis are understood to be at the centre of Lloyds Banking Group's admission that it is one of a group of banks under investigation by the US authorities for the alleged manipulation of the Libor borrowing rate.
Why RBS will be the success story of 2012 – The Telegraph
A sell-back of the bank to the private sector is now a case of when, not if.
Goldman Sachs shares fall on talk of possible criminal lawsuit – The Telegraph
Goldman Sachs shares fell their most in a year after an analyst said the pressure for US authorities to bring charges against it was building, and the writer who described the bank as "a giant vampire squid" renewed his attack.
99 Percent Of Android Devices Are Vulnerable To Password Theft – Techcrunch
Researchers at Germany’s University of Ulm have made some unsettling discoveries about the security of the Android platform. According to an article from The Register , the research group located a vulnerability that allows hackers to collect and use the digital tokens saved on a phone after a user inputs.
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